Tag: tax-saving strategies
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Australian Superannuation Contributions Surge, Reaching $55.7 Billion
Australians have been actively investing in their superannuation funds, with a significant increase seen in voluntary personal contributions over the past year. According to the Australian Prudential Regulation Authority (APRA), there was a notable surge in member contributions, driven by higher personal contributions made by individual workers from their after-tax income. This growth in personal…
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Demystifying Super: A Comprehensive Guide for Beginners
Superannuation, a cornerstone of Australia’s retirement landscape, has been a compulsory savings scheme since 1992. Despite its long history, many individuals still grapple with understanding its intricacies. The Super for beginners guide aims to demystify superannuation, covering its purpose, contributions, taxation, and withdrawal rules. For those new to super, this guide offers a comprehensive overview…